Are interest rates too low? Empirical evidence and implications for German life insurers

Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review

Autoren

  • Tobias Basse
  • Meik Friedrich
  • Anne Kleffner
  • J. M. Graf Von Der Schulenburg

Organisationseinheiten

Externe Organisationen

  • Touro University Berlin
  • Hochschule Weserbergland (HSW)
  • Norddeutsche Landesbank – Girozentrale – (Nord/LB)
  • University of Calgary
Forschungs-netzwerk anzeigen

Details

OriginalspracheEnglisch
Seiten (von - bis)31-43
Seitenumfang13
FachzeitschriftZeitschrift fur die gesamte Versicherungswissenschaft
Jahrgang103
Ausgabenummer1
Frühes Online-Datum8 Jan. 2014
PublikationsstatusVeröffentlicht - Feb. 2014

Abstract

The current financial crisis has reduced government bond yields in Germany, the U.S., the UK and other countries. Low interest rates do create some problems for the European insurance industry. Especially life insurers seem to face some difficulties. The empirical results reported in this paper give support to the point of view that the relationship among German long-term interest rates, consumer price in-flation and industrial production has changed significantly in the year 2009. Turning to the important question under which circumstances an increase to interest rates is likely to occur the empirical evidence reported in this paper does indicate that higher inflation rates should be a cause for rising bond yields.

ASJC Scopus Sachgebiete

Zitieren

Are interest rates too low? Empirical evidence and implications for German life insurers. / Basse, Tobias; Friedrich, Meik; Kleffner, Anne et al.
in: Zeitschrift fur die gesamte Versicherungswissenschaft, Jahrgang 103, Nr. 1, 02.2014, S. 31-43.

Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review

Basse, T, Friedrich, M, Kleffner, A & Graf Von Der Schulenburg, JM 2014, 'Are interest rates too low? Empirical evidence and implications for German life insurers', Zeitschrift fur die gesamte Versicherungswissenschaft, Jg. 103, Nr. 1, S. 31-43. https://doi.org/10.1007/s12297-013-0256-0
Basse, T., Friedrich, M., Kleffner, A., & Graf Von Der Schulenburg, J. M. (2014). Are interest rates too low? Empirical evidence and implications for German life insurers. Zeitschrift fur die gesamte Versicherungswissenschaft, 103(1), 31-43. https://doi.org/10.1007/s12297-013-0256-0
Basse T, Friedrich M, Kleffner A, Graf Von Der Schulenburg JM. Are interest rates too low? Empirical evidence and implications for German life insurers. Zeitschrift fur die gesamte Versicherungswissenschaft. 2014 Feb;103(1):31-43. Epub 2014 Jan 8. doi: 10.1007/s12297-013-0256-0
Basse, Tobias ; Friedrich, Meik ; Kleffner, Anne et al. / Are interest rates too low? Empirical evidence and implications for German life insurers. in: Zeitschrift fur die gesamte Versicherungswissenschaft. 2014 ; Jahrgang 103, Nr. 1. S. 31-43.
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